Millrace Asset Group Inc. Sells 16,173 Shares of Sezzle Inc. (NASDAQ:SEZL)

Millrace Asset Group Inc. trimmed its position in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 82.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,469 shares of the company's stock after selling 16,173 shares during the period. Millrace Asset Group Inc. owned 0.06% of Sezzle worth $592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SEZL. Charles Schwab Investment Management Inc. raised its stake in Sezzle by 191.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company's stock valued at $3,474,000 after acquiring an additional 13,383 shares during the period. Navellier & Associates Inc. bought a new position in Sezzle during the 3rd quarter worth $1,217,000. Covestor Ltd acquired a new position in Sezzle in the third quarter valued at about $38,000. Principal Financial Group Inc. bought a new stake in shares of Sezzle during the 3rd quarter worth approximately $548,000. Finally, OmniStar Financial Group Inc. bought a new stake in Sezzle during the third quarter worth $354,000. 2.02% of the stock is owned by institutional investors.

Insider Transactions at Sezzle

In related news, Director Paul Paradis sold 4,026 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $400.00, for a total transaction of $1,610,400.00. Following the transaction, the director now owns 68,846 shares in the company, valued at $27,538,400. The trade was a 5.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kyle M. Brehm bought 106 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of $402.00 per share, with a total value of $42,612.00. Following the completion of the transaction, the director now owns 3,608 shares in the company, valued at approximately $1,450,416. This trade represents a 3.03 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 90,597 shares of company stock valued at $14,724,538 over the last three months. Company insiders own 57.65% of the company's stock.

Wall Street Analysts Forecast Growth

SEZL has been the topic of several recent research reports. Northland Securities raised their price objective on Sezzle from $185.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, November 8th. B. Riley boosted their target price on shares of Sezzle from $132.00 to $163.00 and gave the company a "buy" rating in a report on Friday, August 23rd.

Sezzle Stock Performance

SEZL stock traded down $35.55 during midday trading on Tuesday, hitting $428.45. The company's stock had a trading volume of 129,039 shares, compared to its average volume of 89,809. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The stock's 50-day moving average price is $241.77 and its 200 day moving average price is $147.44. Sezzle Inc. has a 1 year low of $9.75 and a 1 year high of $477.52. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 45.00 and a beta of 8.49.

About Sezzle

Sezzle Inc operates as a technology-enabled payments company primarily in the United States and Canada. The company provides payment solution in-store and at online retail stores; and through proprietary payments solution that connects consumers with merchants. It also offers Sezzle Platform that provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time; Pay-in-Four, which allows consumers to pay a fourth of the purchase price up front and then another fourth of the purchase price every two weeks thereafter over a total of six weeks; Pay-in-Full that allows consumers to pay for the full value of their order up-front through the Sezzle Platform without the extension of credit; and Pay-in-Two and other alternative installment options, which allow consumer to pay half of the value of their order up-front and the second half in two weeks.